§ Mr. SHINWELLasked the President of the Board of Trade the estimated percentage reduction in the costs of production in the manufacture of pig-iron due to the de-rating proposals?
§ Mr. H. WILLIAMSIt is estimated that the local rate relief on coal, ore and limestone mines and blast furnaces will be equivalent to about 2¼ per cent. of the cost of the production of pig-iron, and that the railway freight reductions on the materials for making pig-iron will be equivalent to a further 2 per cent. of the cost of production.